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LIC AAO Profit, Loss & Discount Questions with Answers & Explanations

20 Profit, Loss & Discount questions from the Quantitative Aptitude section of LIC AAO, each with the correct answer and a worked explanation. Try each question first, then tap Show answer to check. When you're ready, take the timed chapter-wise test to see your all-India rank.

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Question 1

An article bought for ₹1,840 is sold for ₹2,392. What is the profit percentage?

  1. A32.5%
  2. B35%
  3. C30%
  4. D27.5%
  5. E23.08%
Show answer
Answer: (C) 30% Profit = ₹552; profit % = 552 ÷ 1840 × 100 = 30%.
Question 2

The marked price of a watch is ₹3,650 and a discount of 10% is given. What is the selling price?

  1. A₹3,102.50
  2. B₹365
  3. C₹3,285
  4. D₹3,550
  5. E₹3,467.50
Show answer
Answer: (C) ₹3,285 SP = 3650 × (100 − 10)/100 = ₹3,285.
Question 3

The marked price of a watch is ₹2,450 and a discount of 10% is given. What is the selling price?

  1. A₹2,082.50
  2. B₹245
  3. C₹2,327.50
  4. D₹2,205
  5. E₹2,350
Show answer
Answer: (D) ₹2,205 SP = 2450 × (100 − 10)/100 = ₹2,205.
Question 4

An article bought for ₹920 is sold for ₹1,012. What is the profit percentage?

  1. A7.5%
  2. B12.5%
  3. C15%
  4. D9.09%
  5. E10%
Show answer
Answer: (E) 10% Profit = ₹92; profit % = 92 ÷ 920 × 100 = 10%.
Question 5

The marked price of a watch is ₹4,000 and a discount of 30% is given. What is the selling price?

  1. A₹1,200
  2. B₹3,000
  3. C₹3,700
  4. D₹2,600
  5. E₹2,800
Show answer
Answer: (E) ₹2,800 SP = 4000 × (100 − 30)/100 = ₹2,800.
Question 6

An article bought for ₹1,000 is sold for ₹1,100. What is the profit percentage?

  1. A15%
  2. B10%
  3. C7.5%
  4. D9.09%
  5. E12.5%
Show answer
Answer: (B) 10% Profit = ₹100; profit % = 100 ÷ 1000 × 100 = 10%.
Question 7

The marked price of a watch is ₹4,000 and a discount of 20% is given. What is the selling price?

  1. A₹3,800
  2. B₹3,200
  3. C₹3,000
  4. D₹3,400
  5. E₹800
Show answer
Answer: (B) ₹3,200 SP = 4000 × (100 − 20)/100 = ₹3,200.
Question 8

An article bought for ₹520 is sold for ₹728. What is the profit percentage?

  1. A37.5%
  2. B42.5%
  3. C40%
  4. D45%
  5. E28.57%
Show answer
Answer: (C) 40% Profit = ₹208; profit % = 208 ÷ 520 × 100 = 40%.
Question 9

The marked price of a watch is ₹3,650 and a discount of 25% is given. What is the selling price?

  1. A₹2,920
  2. B₹3,400
  3. C₹2,555
  4. D₹2,737.50
  5. E₹912.50
Show answer
Answer: (D) ₹2,737.50 SP = 3650 × (100 − 25)/100 = ₹2,737.50.
Question 10

An article bought for ₹1,120 is sold for ₹1,260. What is the profit percentage?

  1. A12.5%
  2. B10%
  3. C17.5%
  4. D11.11%
  5. E15%
Show answer
Answer: (A) 12.5% Profit = ₹140; profit % = 140 ÷ 1120 × 100 = 12.5%.

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Question 11

The marked price of a watch is ₹2,550 and a discount of 15% is given. What is the selling price?

  1. A₹2,400
  2. B₹2,295
  3. C₹2,040
  4. D₹2,167.50
  5. E₹382.50
Show answer
Answer: (D) ₹2,167.50 SP = 2550 × (100 − 15)/100 = ₹2,167.50.
Question 12

An article bought for ₹1,080 is sold for ₹1,242. What is the profit percentage?

  1. A20%
  2. B17.5%
  3. C12.5%
  4. D13.04%
  5. E15%
Show answer
Answer: (E) 15% Profit = ₹162; profit % = 162 ÷ 1080 × 100 = 15%.
Question 13

The marked price of a watch is ₹2,300 and a discount of 15% is given. What is the selling price?

  1. A₹1,955
  2. B₹2,150
  3. C₹2,070
  4. D₹1,840
  5. E₹345
Show answer
Answer: (A) ₹1,955 SP = 2300 × (100 − 15)/100 = ₹1,955.
Question 14

An article bought for ₹1,560 is sold for ₹1,794. What is the profit percentage?

  1. A12.5%
  2. B17.5%
  3. C13.04%
  4. D15%
  5. E20%
Show answer
Answer: (D) 15% Profit = ₹234; profit % = 234 ÷ 1560 × 100 = 15%.
Question 15

An article bought for ₹1,720 is sold for ₹2,408. What is the profit percentage?

  1. A40%
  2. B45%
  3. C28.57%
  4. D42.5%
  5. E37.5%
Show answer
Answer: (A) 40% Profit = ₹688; profit % = 688 ÷ 1720 × 100 = 40%.
Question 16

The marked price of a watch is ₹450 and a discount of 30% is given. What is the selling price?

  1. A₹337.50
  2. B₹135
  3. C₹150
  4. D₹292.50
  5. E₹315
Show answer
Answer: (E) ₹315 SP = 450 × (100 − 30)/100 = ₹315.
Question 17

An article bought for ₹1,880 is sold for ₹2,068. What is the profit percentage?

  1. A15%
  2. B10%
  3. C7.5%
  4. D12.5%
  5. E9.09%
Show answer
Answer: (B) 10% Profit = ₹188; profit % = 188 ÷ 1880 × 100 = 10%.
Question 18

The marked price of a watch is ₹2,250 and a discount of 10% is given. What is the selling price?

  1. A₹1,912.50
  2. B₹2,137.50
  3. C₹2,150
  4. D₹2,025
  5. E₹225
Show answer
Answer: (D) ₹2,025 SP = 2250 × (100 − 10)/100 = ₹2,025.
Question 19

An article bought for ₹1,240 is sold for ₹1,395. What is the profit percentage?

  1. A10%
  2. B11.11%
  3. C15%
  4. D12.5%
  5. E17.5%
Show answer
Answer: (D) 12.5% Profit = ₹155; profit % = 155 ÷ 1240 × 100 = 12.5%.
Question 20

An article bought for ₹1,600 is sold for ₹1,680. What is the profit percentage?

  1. A10%
  2. B2.5%
  3. C4.76%
  4. D7.5%
  5. E5%
Show answer
Answer: (E) 5% Profit = ₹80; profit % = 80 ÷ 1600 × 100 = 5%.

These are RankerClub practice questions written in the LIC AAO pattern. They are not official SSC/IBPS/RRB papers.

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